Caledonia Mining Share Discussion Threads

[mr macgregor] 15/7/2014 09:28

Well, they remained confident they would meet their 48,000 oz target just two months ago when they first warned of lower grades so they're worse than anticipated and there could be further problems ahead. Costs will undoubtedly rise.

[badtime] 15/7/2014 08:42

Took mine off the table first up at 59p ...20% in 3 months was enough...made my mind up last night....this mornings news confirmed it

[mr macgregor] 15/7/2014 07:47

Profit warning this morning. Maybe the declining grades prompted the need to diversify.

[338] 15/7/2014 07:35

The highest price in Nasdaq yesterday was CALVF = US$ 1.14 and Toronto CAN$ 1.20, which equal to CMCL = 65p at least

Interesting :)

[chipperfrd] 11/7/2014 10:33

At the end of the first quarter they had $26.7m in cash and no debt. So Ev is now c. $21.9m.

NPAT was $3.5m over 3 months with average PoG of $1,288/oz. So annualised, that works out at a P/E of just 1.6x - and PoG is already moving higher (although average for the 2nd quarter was only $1,292/oz.

Even so, revenue for 2Q should be a bit higher, with the probability of an increase in production on top. So the market multiple (c. 1.6x) looks to be overly-heavily discounting Zimbabwe risk, even though they have already fully implemented their agreed indigenisation programme.

Then there is the quarterly dividend (C$1.5c) which yields c. 6% annually.

Put it all together and it is hard not to see this stock as substantially under-valued in spite of investor sentiment towards Zimbabwe. An optimistic view would be that the sentiment towards Zimbabwe can hardly get any worse - so there must be a reasonable probability of an improved political and economic scenario likely there over the next few years.

AIMHO of course.
Chip

[badtime] 11/7/2014 09:43

i normally avoid miners ...but dabbled with this one...now up 22% in a relatively short time..its moved faster than i thought..now i have to reassess my target

[igbertsponk] 11/7/2014 08:44

Catching up a bit with the foreign quotes.

[338] 10/7/2014 23:13

CMCL 57p is a bargain... currently in Canada $1.17 or 64p...

after closing hours CALVF in Nasdaq also adjusted at US$ 1.10 or 64p to buy

crazy opportunity if you have spare cash... anything under 60p should get wiped out.... my target is 120p this year

:)

[338] 10/7/2014 20:52

57p to buy is a bargain... currently US $1.05 in Nasdaq or 61.5p

[338] 10/7/2014 14:51

Nasdaq: CALVF is ready to break £1 or equal to 58p... CMCL should be over 60p easily next week... my target is 120p in Dec 2014 or Q1 2015

[338] 08/7/2014 07:19

Third quarterly dividend will be paid at the end of this month... Nice one

[338] 02/7/2014 15:12

Nasdaq: US$0.96
Canada: $1.03

Equal to 56 pence.... current mid price of 52.5p is unrealistic

[338] 30/6/2014 07:51

At current exchange rate the share price in USA and Canada equal to 54.5p

[338] 26/6/2014 20:20

Nasdaq: US$0.94
Canada: $1

Equal to 55 pence.... Don't miss the boat guys....

[338] 24/6/2014 15:18

Nasdaq: investors keep buying at US$0.90 or 53p

[badtime] 24/6/2014 14:16

53/49 ......although it looks as though u can get 50p if u want to sell...that 19k buy moved it

[badtime] 24/6/2014 09:59

Lol now the offer has moved up

[badtime] 24/6/2014 09:30

Lol..no move here

[badtime] 23/6/2014 22:01

seems to trade above uk price...but hopeful of a nudge up tomorrow

[338] 23/6/2014 21:27

53p in USA (Nasdaq CALVF $0.90)....

[338] 11/6/2014 13:22

Hmmm... need another trigger and momentum for breakout.... then moving up quickly to 80p+

[338] 23/5/2014 16:41

Current prices in 3 different markets which suggest share price in London should get appreciated above 50p on Tuesday onwards... enjoy the ride


TSX: 0.90 (CAD$)
AIM: 48.55(Pence)
NASDAQ OTCQX: 0.82

[aim_trader] 23/5/2014 10:52

LONDON EVENT - 5TH JUNE
Caledonia Mining, Fastnet and URU Metals presenting..

REGISTER HERE:

[338] 20/5/2014 07:46

Offer is now 53p before the opening hours...good sign of demand